PSX · SYNTHETIC & RAYON · 1 Hour
IMAGE Inverse Head & Shoulders forming
Image Pakistan Limited · 28 Oct 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 23.88
- ▼ 0.50%
- Target
- 28.41
- +19.0%
- Invalidation
- —
- ATR
- 0.33
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 1 Hour candles · click to enlarge
The breakdown
IMAGE has completed an inverse head & shoulders on the hourly chart with the head at 22.50 and the neckline at 25.12.
The pattern is confirmed by a hourly close above 25.19. The measured move from the neckline points to 28.41 (+13.1%). A close beyond the head at 22.50 cancels it.
Structure: bearish external, bearish internal (strong high 28.05). Nearest demand OB 19.87 - 20.24, supply OB 27.00 - 27.75.
How to read this signal
- 1 The breakout was confirmed by the 1 hour candle closing above the pattern at 23.88.
- 2 The target, 28.41 (+19.0%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.